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ARTICLE · 06 FEBRUARY 2012

New Compensation Limits And Statutory Payments For 2012

Wedlake Bell LLP
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We set out below a round-up of the changes to compensation limits and statutory payments for this year. The most significant increases are those relating to the maximum basic and compensatory awards for unfair dismissal.

United KingdomEmployment and HR
Paul Whinder
Paul Whinder
David Israel
David Israel

We set out below a round-up of the changes to compensation limits and statutory payments for this year. The most significant increases are those relating to the maximum basic and compensatory awards for unfair dismissal.

Changes applying from 1 February 2012:

Maximum compensatory award for unfair dismissal increases from £68,400 to £72,300.

Maximum limit on a week's pay (for redundancy, unfair dismissal basic awards, etc.) will increase from £400 to £430.

Changes applying from early April 2012:

Standard rates for Statutory Maternity Pay, Statutory Paternity Pay and Statutory Adoption Pay will increase from £128.73 to £135.45.

Statutory Sick Pay will increase from £81.60 to £85.85, with the weekly earnings threshold also rising from £97 to £102.

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